Delhi-based Euler Motors' HiLoad cargo E-3W has bagged about 3,500 bookings in 10 days since its market launch, including a 1,000-vehicle order from MoEVing. The scheduled deliveries of the vehicles are expected to have already commenced and will complete over the next 12-18 months.
Euler's EVs are already deployed in Delhi NCR and Bangalore, with the company currently fulfilling delivery orders received from companies like Flipkart, Big Basket, and Udaan. Euler Motors expects to see 5,000 deployments by the end of FY-23, commanding a 40-50 percent market share in the electric commercial vehicle space.
Saurav Kumar, Founder and CEO, Euler Motors, said, "Euler Motors and MoEVing share a synergy of vision in the EV space, and we are delighted to be partnering with them and further our mission to achieve zero-emission logistics, with an unparalleled product, technology, and ecosystem solutions".
He added, "We have already deployed 100 HiLoads on the road within 10 days of the product launch, which is a strong testament of how we are inspiring customer confidence in our product. We aim to demonstrate robust impact, ensure continued TCO and look forward to a solid partnership with MoEVing in the long run."
Speaking on the development, Vikas Mishra, Founder, and CEO, MoEVing - a Gurgaon-based holistic technology player focused on full stack solutions for mass EV adoption, said, "India is on the right track with regards to electric mobility, and there is no doubt that commercial logistics will spearhead this transition"
"Our mission at MoEVing is to grow our electric fleet to 100 thousand by 2025. Euler Motors' product, HiLoad, is a compelling solution with the technology prowess to the problem of EV adoption in India's unique scenario. Working towards a future where there are no urban transport emissions, especially due to last-mile logistics, we are excited to deploy HiLoad in our fleet", he said.
Euler HiLoad is claimed to be India's most powerful cargo E3W, boasting the highest payload capacity across the segment including ICE rivals. With a powerful combination of the highest battery power of 12.4 kWh and a certified range of 151 km in a single charge, the vehicle boasts six segment-first innovations to deliver higher performance and longer life Indian conditions.
The company is also expanding its production capacity in Delhi-NCR to meet the growing customer requirements of scale and location. It is already managing a network of 200+ charging stations in the region that are flexible in nature, ranging from mobile 'Charge on Wheels' systems to advanced charging units including home or fast chargers.